Posted By: Amandeep Mann
This article talks about, Apple the company that made a very big name in the IT world for the revolution they bought in personal computing. They are well known today for personal computers, mobile communication and media devices, and portable digital music players.
Article also talks about their rival company Microsoft, and how Apple became the most valuable technology company in May 2010. Apple recently launched iPhone 4 after a huge success of iPhone 3G, and proved to be Apple’s most successful phone introduction yet. Article talks about how consumers run the businesses by demanding a better and a good looking technology rather than fulfilling the needs.
Apple is expected to bring on the iPhone to Verizon in early 2011 to compete with the Google’s latest Android software, hopping to accelerate the sales. Apple introduced iPad which was intended to fill a gap between laptops and smartphones, which was a huge success. Apple from the fourth quarter of 2010 show a record revenue and profit from the sale of iPad, iPhones and even Mac computers.
Apple being successful in 4th quarter of 2010 also showed a decline in gross profit margin. Apple’s new product was not as profitable as its computers and iPod music players. Investors doubt the company’s strategies, and it has been seen that the company stock soared nearly 50% in 2010, and in October it closed at an all-time high of $318.Future seems to be pretty bad for Apple as it is forecasted that by 2011 Google’s Android will have erased the iPhone market from the smartphone segment.
Interesting Facts
Interesting Facts
- Apple sold 14.1 million iPhones, 4.2 million iPads and 3.9 million Mac computers in fourth quarter of 2010.
- Apple created a huge job market in the year 2010.
- Americans are buying more Android phones than iPhones which could be dangerous for Apple in 2011.
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